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PlentyParanoid

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PlentyParanoid

Re: scottsmith post# 243928

Sunday, 10/07/2018 11:32:19 AM

Sunday, October 07, 2018 11:32:19 AM

Post# of 403536
SS, all we DO know is that there is one signed non-binding term sheet. We DON'T know the rules of negotiation specified in it. For instance, if a term sheet has an exclusivity clause then there can't be other term sheets or negotiations over same drug in parallel. Some pharmas do insist on exclusivity clause, others don't. That's all.

Below link is quite good in explaining:
https://www.americanbar.org/content/dam/aba/publications/blt/2004/07/question-of-whats-binding-200407.authcheckdam.pdf

"I would rather have questions that can't be answered than answers that can't be questioned." Richard P. Feynman

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